This is part of the unused athletic field at Fox Tech High School that's being considered for the med school.

This is part of the unused athletic field at Fox Tech High School that's being considered for the med school.

Photo: John Davenport / San Antonio Express-News

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This is one of several buildings at Brooks City-Base that may become home to the proposed University of the Incarnate Word medical school. According City-Base personnel, this is where John F. Kennedy made a speech in San Antonio the day before he was assinated in Dallas. At the time, this was known as Brooks Air Force Base. less

This is one of several buildings at Brooks City-Base that may become home to the proposed University of the Incarnate Word medical school. According City-Base personnel, this is where John F. Kennedy made a ... more

Photo: SAN ANTONIO EXPRESS-NEWS

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This is a building leased by Rackspace on Datapoint Drive adjacent to the University of the Incarnate Word's Rosenberg School of Optometry. The building is one many in the running for UIW's proposed medical school. less

This is a building leased by Rackspace on Datapoint Drive adjacent to the University of the Incarnate Word's Rosenberg School of Optometry. The building is one many in the running for UIW's proposed medical ... more

“Centro Partnership is going to appraise the land and really appraise the whole possible agreement to help us facilitate something that would benefit both UIW and SAISD,” Perez said of the nonprofit downtown development group, which is mediating talks between the university and the school district.

“From our side, we know that the value of the land must meet the value of the offer,” Perez said.

The 8-acre site could be worth about $14 million, according to a Bexar Appraisal District estimate.

UIW President Louis Agnese Jr. “has a reputation for bold ideas,” SAISD trustee Patti Radle said in an interview last week. “I think he has to be very bold on what he's going to offer the school district.”

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“There are lots of opportunities that don't have to be dollars and cents,” she continued. “It could be opportunities for students that translate into dollars and cents.”

Though Perez wouldn't provide specifics about what UIW might offer to clinch the deal, he said a deal could include concrete considerations such as “buildings and financial commitments” and less tangible items, such as “opportunities for our students that have not been completely ironed out.”

“There's always, perhaps, the possibility of ... financial commitments from other entities or UIW,” Perez said.

Agnese has said the university does not intend to pay for the land because it already owns a building near the South Texas Medical Center that could house the osteopathic medical school he wants to open by 2016. It would costs millions of dollars less to renovate than building from scratch at Fox Tech.

Agnese could not be reached for comment Tuesday.

Before a closed session discussion of the negotiations at an SAISD board meeting Monday night, Perez said with a chuckle: “I wish I could say that I feel this way or I feel that way (about the potential deal). We're volleying.”

He said he may bring the matter to the board again early next week.

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The exclusive negotiation period outlined in a memorandum of understanding between UIW, SAISD and Centro Partnership ends Friday, unless the parties extend it. After that time, UIW can discuss other locations.